The Consumer Faces a Budget Constraint Because the Market Price

question 26

Multiple Choice

The consumer faces a budget constraint because the market price of X is $3,the market price of Y is $3,and the consumer's budget is $90.How many units of X and Y would be purchased?

• A)0 units of X,0 units of Y.
• B)10 units of X,20 units of Y.
• C)20 units of X,20 units of Y.
• D)30 units of X,30 units of Y.

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Definitions:

Formalized Organizations

Organizations characterized by established procedures and rules, clear hierarchies, and well-defined roles and responsibilities.

Rules

Specific guidelines or regulations designed to dictate behavior or procedures within a particular context or organization.

Regulations

Rules or directives made and maintained by an authority to regulate behavior; they can apply to individuals, industries, and organizations.

Functional Structures

An organizational structure where the company is divided into departments based on specific functions or roles, such as marketing, finance, or human resources, enhancing specialization and efficiency.